Second Skies

EURUSD – Trapped Within Small Range After clearing above the key 1.3450 level post FOMC announcement two weeks ago, the pair has literally trotted in place, stuck mostly within a 100 pip range...

WTI Crude Oil – Support Holds, But WeakeningYesterday we wrote about the major commodity sitting on top of the key level at 102.15. That level held today creating a small bounce to 103.25, but...

GBPJPY – Major Support Coming Up After breaking through the first support level at 158.45, the pair has now closed for its 3rd bearish day in a row and seems to be tempting a 4th. The next place...

S&P 500 – Post FOMC Spike Retraces All of its Gains After exploding higher post FOMC spike, the major index has sold off all of its gains, and then some. Notice in the box in the chart how...

EURUSD – Intraday Price Action Suggests Continuation After launching higher post FOMC shocker, the Euro has held up solidly forming a bullish flag pattern. Intraday charts are suggesting the...

GBPJPY – Knocking on Key Big Figure Yesterday we opined the GBPJPY was setting up for a breakout setup as we noticed several pre-breakout characteristics. The pair didn’t give us the 20ema...

GBPJPY – Building Up Pressure For the last week the pair has been forming a series of HL’s while having a very long 20ema carry on the 4hr chart which you can see below. Today’s...

Spot Gold – Continuing to Be Under Pressure Dropping almost $130 from its recent highs at 1433, Gold is showing some intraday price action on the 4hr chart that is suggesting lower prices and a...

GBPJPY – Pullback Level Holding Yesterday in our weekly market commentary we suggested looking for taking long signals off of 157. Today the pair hit a low of 156.93 and has now shot up over 80...

EURUSD – Gaps Higher, Sitting Just Under key Resistance Last week we talked about an intra-day breakout on the EURUSD which was followed up with a pin bar. We suggested looking for longs off...

EURUSD – Price Pushes Higher From Breakout On Tuesday’s market commentary, we opined how on the 1hr charts the Euro was forming an intraday breakout setup suggesting higher prices. The...

EURUSD – Break and Hold Above 1.3200 Showing Bullish Potential Although in a medium term range, the EURUSD has been sustaining itself recently above the key 1.3200 level, showing consistent...

Spot Silver – Forms Pin Bar Rejection After and impressive $6 bull run, spot silver has formed a daily and 4hr pin bar rejection off the $25 big figure. A lot of traders were asking me if this...

S&P 500 – Selling Off Heavy On Aug. 22nd we discussed the bullish engulfing bar on the daily chart, and how we suggested short term it meant more upside, but that we were looking to sell...

Spot Gold – First Close Above 1400 Since June For the first time in over 2.5 months, Gold has closed above the 1400 key level after a brief consolidation to start the week. Although there was a...

S&P 500 – Forms Bullish Engulfing Bar – More Upside? As we suspected, the US indices bounced like we wrote the Dow would yesterday. However the S&P’s reversal was a little...